Which of the Following Are Ways of Validating Purchased Software

question 57

Multiple Choice

Which of the following are ways of validating purchased software information?

• A)reviewing software documentation and technical marketing literature
• B)sending prospective vendors a questionnaire asking specific questions about their packages
• C)using the software yourself and running it through a series of tests based on the criteria for selecting software
• D)all of the above

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Definitions:

Paid in Capital in Excess

The amount received from investors for stock, exceeding its par or stated value, also known as additional paid-in capital.

Par Value

The face value of a stock or bond as specified by the issuing company, often used in accounting to record the equity or debt issued.

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, often with dividends that are paid out before those of common shares.

Organization Expense

Organization expense refers to the costs associated with forming a business entity, such as legal fees, filing fees, and costs of issuing stock.